In addition to delaying its first-quarter earnings report, AMC said it will also delay the filing of an amendment to its 2019 annual report. - see our coverage The current consensus EPS estimate is $1.38 on $637.45 million in revenues for the coming quarter and $5.46 on $2.71 billion in revenues for the current fiscal year. AMC Networks, which belongs to the Zacks Broadcast Radio and Television industry, posted revenues of $646.29 million for the quarter ended June 2020, surpassing the Zacks Consensus Estimate by 3.03%. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms and Conditions of Service. <> Visit performance for information about the performance numbers displayed above. - see our coverage Despite consumers’ needs constantly evolving, we seem to always come back to service bundles. Greetings, and welcome to the AMC Entertainment second-quarter 2020 earnings conference call. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Ahead of this earnings release, the estimate revisions trend for AMC Networks was unfavorable. Fiscal year 2020 first quarter earnings for movie theater chain AMC (NYSE: AMC) have its stock on the move in after-hours trading Tuesday.The company reported adjusted losses per share of … - visit Netflix's investor relations page, Limelight Networks
Netflix AMC Networks shares have lost about 39.4% since the beginning of the year versus the S&P 500's gain of 2%. ViacomCBS is two quarters into the combined company, and its CEO Robert Bakish spent some time on the company’s Q2 2020 earnings call talking about the future rebranding and “super-sizing” of CBS All Access. Privacy Policy | No cost, no obligation to buy anything ever. - see our coverage We use cookies to understand how you use our site and to improve your experience. The second-quarter earnings season is underway, and FierceVideo is tracking the results from streaming media companies, programmers, pay TV operators and broadcasters throughout the period. Delayed quotes by Sungard. Shares are up 12.3% since reporting last quarter. - visit Akamai's investor relations page, Altice USA endobj Second Quarter 2020 Results LEAWOOD, KANSAS - (August 6, 2020)-- AMC Entertainment Holdings, Inc. (NYSE: AMC) (“AMC” or “the Company”), today reported results for the second quarter ended June 30, 2020. Contents: Prepared Remarks; Questions and Answers; Call … This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. - visit Nexstar's investor relations page, Roku AMC Entertainment Holdings, Inc. (AMC) latest earnings report: revenue, EPS, surprise, history, news and analysis. This compares to earnings of $2.60 per share a year ago. Real time prices by BATS. Amc Entertainment Holdings (AMC) reports earnings on 11/5/2020. - visit Discovery's investor relations page, Nexstar Media - see our coverage endobj
AMC also announced plans to hold its 2020 annual shareholders meeting on July 29.
- see our coverage This quarterly report represents an earnings surprise of 89.68%. The monthly returns are then compounded to arrive at the annual return. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #5 (Strong Sell) for the stock. Xumo has reported massive growth in its user base since the beginning of the year. - visit Viacom's investor relations page, Dish Network Visit www.zacksdata.com to get our data and content for your mobile app or website. Greetings, and welcome to the AMC Entertainment second-quarter 2020 earnings conference call. - visit fuboTV's investor relations page. The nation’s largest cinema chain tallied roughly $5 billion in debt at the end of 2019 and losses of $149 million — that was after recording a $110 million profit in 2018.
- visit Charter's investor relations page, Harmonic Verizon posted a net loss 81,000 Fios Video subscribers in the second quarter, continuing its steady decline and dropping it below four million subscribers. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Over the last four quarters, the company has surpassed consensus EPS estimates two times. AMC has been hit hard by the pandemic, as industry experts question the chain’s financial viability amid the shutdown that has force it to shutter all its movie theaters. - see our coverage And during the company’s most recent fourth quarter conference call, AMC CEO Adam Aron said that he and other top executives had agreed to cut their salaries and bonuses for three years. <>/ExtGState<>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/Annots[ 11 0 R 12 0 R] /MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> All rights reserved. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. If you wish to go to ZacksTrade, click OK. Netflix said it added a record number of new paid subscribers in the second quarter but warned that subscriber growth will slow down in the back half of 2020. - visit Sinclair's investor relations page, Cable One - visit Google's investor relations page, Charter Limelight Networks, a provider of video delivery and edge cloud services, reported improved second-quarter financials as its traffic reached record levels. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.53% per year. Roku found itself with more viewers than ever in its second quarter but still no profits, thanks to increases in its own expenses and the coronavirus pandemic bruising the advertising business for everyone. - visit Fox's investor relations page, The Walt Disney Company Movie theater chain AMC Entertainment announced Wednesday that it will push the release of its 2020 first quarter financial results until June 24. © 2020 Questex LLC. AMC Entertainment (NYSE: AMC) earnings for the movie theater company’s second quarter of 2020 have AMC stock on the rise after-hours Thursday. - visit Amazon's investor relations page, Apple
Subscribe to FierceVideo to get industry news and updates delivered to your inbox. Enclose phrases in quotes. Discover the industry’s top priorities for the future. AMC Entertainment (NYSE: AMC) earnings for the movie theater company’s second quarter of 2020 have AMC stock on the rise after-hours Thursday.
<>/Metadata 8275 0 R/ViewerPreferences 8276 0 R>> [Operator instructions] As a reminder, this conference is being recorded, Thursday, August 6, 2020. - visit TiVo's investor relations page, FuboTV Furthermore, to the extent corporate-level employees continue to work, they are required to do so from their homes due to local governmental orders which has decreased efficiency in fulfilling the tasks necessary to complete the Delayed Filings.”, Also Read: AMC Theatres Won't Book Universal Movies Anymore After 'Trolls World Tour' VOD Release. A recent pick, Maxar, skyrocketed +178.7% in 3 months. )=?�ϟI��R��H�Ћq~C���c*�O\�L���g�,��?������h�>�5d�������S �M���J����վm�7vq���[W�3/�UWs/��ټ[�}-�G��-x{�Rg�D�=���� The Disney+ streaming service constituted one of the few pluses in an ugly quarter for Disney that saw revenues slump to $11.78 billion from $20.26 billion a year ago. NASDAQ data is at least 15 minutes delayed. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. These returns cover a period from January 1, 1988 through August 31, 2020. Wall Street wan no doubt looking forward to AMC opening its books to get a better glimpse at just how the company’s been impacted by the ongoing novel coronavirus pandemic. What will TV and streaming look like in the 2020s?
AMC Networks emerged from a second quarter that was less than kind but could have been much worse.
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Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. ... ViacomCBS is two quarters into the combined company, and its CEO Robert Bakish spent some time on the company’s Q2 2020 earnings call talking about the future rebranding and “super-sizing” of CBS All Access. - see our coverage The Earnings Whisper Score gives the statistical odds for the stock ahead of earnings. AMC Networks (AMCX) delivered earnings and revenue surprises of 89.68% and 3.03%, respectively, for the quarter ended June 2020. AMC Networks Inc (NASDAQ:AMCX) Q2 2020 Earnings Call Aug 4, 2020, 8:30 a.m. Earnings AMC Entertainment (NYSE:AMC) Earnings Information.
AMC Networks (AMCX - Free Report) came out with quarterly earnings of $2.39 per share, beating the Zacks Consensus Estimate of $1.26 per share. Coke vs. Pepsi: Has Covid Changed the Odds. Also, make sure to check FierceWireless and FierceTelecom, as they also track earnings for companies in the wireless, pay TV and wireline industries. 1 0 obj AMC Entertainment last issued its earnings results on August 6th, 2020. “As a result, all corporate-level employees have been either fully or partially furloughed, significantly limiting the resources available to prepare the Delayed Filings. A quarter ago, it was expected that this owner of cable channels including AMC and IFC would post earnings of $2.07 per share when it actually produced earnings of $1.47, delivering a surprise of -28.99%. �CJC�d��C�}/OFFҋ��({��!�~"C���8 �~��VnCҁ(}$�������N��K�Nb2���2�p$�����%����G�{H6����m��X�^�T�Ģl����r� ���l�(I��t& This compares to year-ago revenues of $772.30 million. Net income tumbled to $15 million ($.28 per diluted share) from $129 million ($2.25 per diluted share) in the year-ago Q2. Register today and join thousands of your industry peers at the world's largest gathering for next gen video programming distribution! - visit Facebook's investor relations page, Google So the company is placing a round of new bets on streaming—including an unprecedented direct-to-home debut for the delayed drama Mulan on that service. AMC Entertainment Holdings, Inc. AMC is likely to witness a year-over-year decline in earnings when it reports first-quarter 2020 results. So, the shares are expected to underperform the market in the near future. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead.
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